by Summary:
Misleading headline, since the institutional basis of MMT is a general description of the current monetary system, so there is no question of "trying" MMT. The theoretical aspect of MMT outlines the fiscal space available for policy options, and various MMT economists have put forward sets of policy options. Stephanie Kelton has been a political advisor to various Democratic politicians. MMT itself is politically neutral although it assumes that full employment is an aspect of macroeconomics, in the Keynesian tradition of doing macroeconomics. While this is a good article overall with respect to MMT, it contains other confusions. These are offset by many good points.Interestingly, it mentions "meme MMT" in contrast to actual MMT. Will the real MMT please stand up.Worth reading for the
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Misleading headline, since the institutional basis of MMT is a general description of the current monetary system, so there is no question of "trying" MMT. The theoretical aspect of MMT outlines the fiscal space available for policy options, and various MMT economists have put forward sets of policy options. Stephanie Kelton has been a political advisor to various Democratic politicians. MMT itself is politically neutral although it assumes that full employment is an aspect of macroeconomics, in the Keynesian tradition of doing macroeconomics. Misleading headline, since the institutional basis of MMT is a general description of the current monetary system, so there is no question of "trying" MMT. The theoretical aspect of MMT outlines the fiscal space available for policy options, and various MMT economists have put forward sets of policy options. Stephanie Kelton has been a political advisor to various Democratic politicians. MMT itself is politically neutral although it assumes that full employment is an aspect of macroeconomics, in the Keynesian tradition of doing macroeconomics. While this is a good article overall with respect to MMT, it contains other confusions. These are offset by many good points.Interestingly, it mentions "meme MMT" in contrast to actual MMT. Will the real MMT please stand up.Worth reading for the
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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While this is a good article overall with respect to MMT, it contains other confusions. These are offset by many good points.
Interestingly, it mentions "meme MMT" in contrast to actual MMT. Will the real MMT please stand up.
Worth reading for the state of play in the media.
https://nymag.com/intelligencer/2022/02/real-modern-monetary-theory-has-never-been-tried.html